Q4 24 EPS

$0.30

BEAT +40.85%

Est. $0.21

Q4 24 Revenue

$411.0M

BEAT +2.75%

Est. $400.0M

vs S&P Since Q4 24

-47.5%

TRAILING MARKET

TRIP -25.2% vs S&P +22.3%

Full Year 2024 Results

FY 24 EPS

$1.30

BEAT +7.23%

Est. $1.21

FY 24 Revenue

$1.84B

BEAT +0.58%

Est. $1.82B

Market Reaction

Did TRIP Beat Earnings? Q4 2024 Results

TripAdvisor closed out 2024 with a stronger-than-expected fourth quarter, posting earnings per share of $0.30 against a consensus estimate of $0.21, a beat of roughly 40.85%, while revenue of $411.00 million edged past Wall Street's $400.01 million f… Read more TripAdvisor closed out 2024 with a stronger-than-expected fourth quarter, posting earnings per share of $0.30 against a consensus estimate of $0.21, a beat of roughly 40.85%, while revenue of $411.00 million edged past Wall Street's $400.01 million forecast and grew 5.4% year-over-year. The headline numbers, however, mask a company in active transition: GAAP net income collapsed 94% to just $2.00 million in the quarter, weighed down by $21.00 million in restructuring charges tied to workforce reductions concentrated in the legacy Brand Tripadvisor segment, where full-year revenue fell 8% to $949.00 million. The growth story belongs to Viator, the experiences marketplace, which expanded Q4 revenue 16% to $186.00 million and swung to $33.00 million in full-year adjusted EBITDA. Management expects an additional $9.00 to $11.00 million in restructuring costs in Q1 2025, and the planned merger with Liberty TripAdvisor Holdings, valued at approximately $435.00 million, remains on track to close in Q2 2025, a deal that would end the company's controlled-company structure and reshape its governance.

Key Takeaways

  • Viator revenue grew 16% YoY in Q4 driven by strong gross bookings value growth of approximately 17%
  • TheFork revenue grew 23% YoY in Q4 with bookings growth of approximately 9%
  • Brand Tripadvisor revenue declined 6% YoY driven by branded hotels weakness
  • Marketing costs increased 22% YoY in Q4 to 37% of revenue
  • Restructuring costs of $21 million incurred in Q4 primarily in Brand Tripadvisor segment
24/7 Wall St

TRIP YoY Financials

Q4 2024 vs Q4 2023, source: SEC Filings

24/7 Wall St

TRIP Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 24 Q1 26

“Across Tripadvisor Group, we exited 2024 with momentum, delivering meaningful progress against our strategic priorities, and strengthening our portfolio revenue and adjusted EBITDA mix.”

— Matt Goldberg, Q4 2024 Earnings Press Release